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Stretch your college student’s spending money with the dependent tax credit

By |2019-03-20T15:43:46+00:00March 20th, 2019|Latest News|

If you’re the parent of a child who is age 17 to 23, and you pay all (or most) of his or her expenses, you may be surprised to learn you’re not eligible for the child tax credit. But there’s a dependent tax credit that may be available to you. It’s not as valuable as

An implementation plan is key to making strategic goals a reality

By |2019-03-20T15:40:58+00:00March 20th, 2019|Latest News|

In the broadest sense, strategic planning comprises two primary tasks: establishing goals and achieving them. Many business owners would probably say the first part, coming up with objectives, is relatively easy. It’s that second part — accomplishing those goals — that can really challenge a company. The key to turning your strategic objectives into a

The 2018 gift tax return deadline is almost here

By |2019-03-15T13:05:05+00:00March 15th, 2019|Latest News|

Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine whether you’re required to file a 2018 gift tax return — or whether filing one would be beneficial even if it isn’t required. Filing requirements Generally, you must file a gift tax return for 2018

5 ways to give your sales staff the support they really need

By |2019-03-15T13:03:35+00:00March 15th, 2019|Latest News|

“I could sell water to a whale.” Indeed, most salespeople possess an abundance of confidence. One could say it’s a prerequisite for the job. Because of their remarkable self-assurance, sales staffers might appear to be largely autonomous. Hand them something to sell, tell them a bit about it and let them do their thing —

Using knowledge management to develop your succession plan

By |2019-03-15T13:02:15+00:00March 15th, 2019|Latest News|

As the old saying goes, “Knowledge is power.” This certainly rings true in business, as those who best understand their industries and markets tend to have a knack for staying on top. If that person is a company’s owner, however, great knowledge can turn into a vulnerability when he or she decides to retire or

Vehicle-expense deduction ins and outs for individual taxpayers

By |2019-03-05T18:16:35+00:00March 5th, 2019|Latest News|

It’s not just businesses that can deduct vehicle-related expenses. Individuals also can deduct them in certain circumstances. Unfortunately, the Tax Cuts and Jobs Act (TCJA) might reduce your deduction compared to what you claimed on your 2017 return. For 2017, miles driven for business, moving, medical and charitable purposes were potentially deductible. For 2018 through

Are your employees ignoring their 401(k)s?

By |2019-03-05T18:14:22+00:00March 5th, 2019|Latest News|

For many businesses, offering employees a 401(k) plan is no longer an option — it’s a competitive necessity. But employees often grow so accustomed to having a 401(k) that they don’t pay much attention to it. It’s in your best interest as a business owner to buck this trend. Keeping your employees engaged with their

Careful tax planning required for incentive stock options

By |2019-02-26T17:33:01+00:00February 26th, 2019|Latest News|

Incentive stock options (ISOs) are a popular form of compensation for executives and other employees of corporations. They allow you to buy company stock in the future at a fixed price equal to or greater than the stock’s fair market value on the ISO grant date. If the stock appreciates, you can buy shares at

Some of your deductions may be smaller (or nonexistent) when you file your 2018 tax return

By |2019-02-26T17:24:26+00:00February 26th, 2019|Latest News|

While the Tax Cuts and Jobs Act (TCJA) reduces most income tax rates and expands some tax breaks, it limits or eliminates several itemized deductions that have been valuable to many individual taxpayers. Here are five deductions you may see shrink or disappear when you file your 2018 income tax return: 1. State and local

Don’t let scope creep ruin your next IT project

By |2019-02-26T17:21:53+00:00February 26th, 2019|Latest News|

Today’s business technology is both powerful and restive. No matter how “feature rich” a software solution or hardware asset may be, there’s always another upgrade around the corner. In other words, it’s just a matter of time before your company’s next IT project. When that day arrives, watch out for “scope creep.” This term refers